Start-Up Visa Entrepreneurs

Canada provides a chance for entrepreneurs with innovative business ideas that are competitive on a global scale and can create employment for Canadians to immigrate to Canada under the Start-Up Visa Program.
As a business based program, it allows either one or a group of up to five entrepreneurs working on the same project to immigrate to Canada as Permanent Residents.

START-UP VISA REQUIREMENTS


    To be eligible for Canada’s Start-up Visa Program, one must meet the following minimum requirements
  • Provide a letter confirming that your business has backing from a Canadian Investor/ designated organization
  • Secure the minimum required investment from the designated organization/investor
    • Venture capital fund – minimum $CAN 200,000
    • Angel investor – minimum $CAN 75,000
    • Business incubator – no minimum investment requirement
  • Have a minimum level of CLB (Canadian Language Benchmark) 5 in language skills, i.e., speaking, listening, writing, and reading (either French or English).
  • Prove that you are capable of financially supporting yourself and your dependants once you’re in Canada
  • Have a qualifying business
  • Meet the admissibility requirements
  • If you plan to live in Quebec province, check Quebec’s Immigration Requirements as they assess their business immigration programs.


Start-Up Visa Processing Time


  • Applications for start-up visas are processed within 12-16 months. As you wait for your application to be processed, you can acquire a temporary work permit and work in Canada.


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How To Apply For Start-Up Visa


  1. Check Your Eligibility
    • The Start-Up Visa Program has business, investment, financial, and other requirements that all applicants must meet. Make sure you meet all of the requirements before you begin your application. This will save both time and money.

  2. Get the Application Package
    • If you’re eligible for a Start-Up Visa, get the application package and fill out the necessary information. The package comes with an instruction manual and a document checklist to help you complete the forms as required. Once you fill out the required forms, print them out, sign them as stated and attach all the documents as per the document checklist.

  3. Pay Your Application Fee
    • There are payments that you’re required to make, including the right of permanent residence fee, biometrics fee, and processing fee. Pay the fees through the provided online payment methods. Make sure it’s the exact amount required by IRCC and attach a copy of the receipt as proof of payment.

  4. Submit Your Application
    • Review your application to ensure that you’ve filled all the necessary parts and provided signatures where stated. Make sure all the supporting documents are attached to your application. If everything is in order, send your complete application package to IRCC through the address provided on the instruction guide.

  5. Provide Additional Information
    • During processing, IRCC will request you to provide your biometrics. They might also ask for medical exams and police certificates as per your case.

Start-Up Visa Checklist



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Benefits


The SUV Program is very attractive as it:
  1. offers a direct path to Canadian Permanent Residency allows an applicant and their family to establish a business anywhere in Canada, except Quebec and there are no age limits, no minimum education levels, no minimum net worth requirements and no previous management experience requirements.

Program Overview and Eligibility Requirements


The SUV is designed for entrepreneurs with the skills and potential to build a business in Canada that is innovative, will create jobs, and can compete on a global scale. The program is designed to connect these entrepreneurs and their ideas with organizations in Canada that can assist them to realize their projects. In order to be eligible, the candidate must:
  1. Own a qualifying business in Canada;Applicants, whether alone or as a group (up to five applicants), must own more than 50%, with each applicant owning at least 10% of the shares.
  2. Get a letter of support from an authorized designated organization, which could include one of the following;Venture capital fund, or Angel investor group, or Business incubator.
  3. Meet the minimum language requirements of at least CLB 5 in speaking, listening, reading and writing in either English or French; Test results must be no older than 2 years at the time of applying.
  4. Bring enough money to settle in Canada with their family (under $50,000 in most cases).

Application Process and Timeline


  1. Seed Stage and Assessment of Eligibility
    • Before charging any fees, we will collect the information required to assess the candidate's eligibility for the SUV.Our team will review the candidate’s background and their preliminary business idea. We will work with the candidate to fine tune the idea with the Canadian context in mind.
  2. Preliminary Business Plan and Creation of the Company
    • We will begin the process of preparing a formal business plan, and initiate communication with designated incubators to solicit feedback and suggestions.
    • A Federal Corporation will be created for your client. As Federal law requires that 25% of the Board of Directors are Canadian permanent residents or citizens, we will appoint someone to sit on the board of directors of the company until such time as your client becomes a PR.
  3. Letter of Support
    • The complete business plan will be presented to the designated incubator. The incubator will review the proposal and upon approval, offer its support by way of an official Letter of Support.
  4. Submit the Application for Permanent Residence
  5. Launch the Start-up Business, and begin the business incubation period
    • At this stage, the applicant(s) must begin investing in their company, if they haven't already. The amount will depend on their business idea but we should expect at least CA$100,000 to ensure sufficient liquidity during the company's start up phase. Please note, the business incubator may charge fees. These fees will be paid from the start-up capital of the business.
  6. The applicant will become a permanent resident.
    • The success of the business is now in the applicant's hands, as he will be the principal driver of its growth. To date the business to the next level, he may now need to invest additional capital, or raise capital from outside.
    • Our Director representative will resign from the Board of Directors.
    Timelines are always difficult to predict, but within 14 to 20 months, the applicant could be a permanent resident of Canada.

Included Services



Not Included Services in Our Fees



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